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The Bank of England ... Our Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.50%. ... (MPC), and interest rates. With the economy sluggish, Thursday is expected to bring reversal of emergency action taken following Brexit vote The changes to customer rates are underway after the Bank of England's Monetary Policy Committee announced at noon it would hike the base rate The Bank of England finally raised interest rates today, more than a decade after the last upward move. The Bank of England has cut interest rates from 0.5% to 0.25% - a record low and the first cut since 2009. Threadneedle Street increases cost of borrowing from 0.25% to 0.5%, reversing emergency action after Brexit vote The BOE raised interest rates for the first time in more than 10 years Thursday, a landmark move lifting borrowing costs from the lowest level on record. The Bank of England held interest rates steady Thursday but said that a hike is likely to be needed in the "coming months." Bank of England raises interest rates for the first time in more than a decade. The Bank of England has raised interest rates for the first time in a decade to head off rising inflation putting the squeeze on UK households. Bank of England Official Bank Rate (base rate), the current and historic interest rates of the Bank of England (BoE) The Bank of England gathers, analyses and publishes data from financial institutions, which we use to inform our policy decisions and to supervise firms. Recap of what happened when the Bank of England voted to double the UK base rate - and make millions worse off as a result - all the reaction and analysis The Bank of England has raised its trend-setting Bank Rate as expected to 0. "The first 25 basis-point rise in UK interest rates for 10 years seems like a momentous step," Bank of England Chief Economist Andy Haldane said on UK interest rates will rise for the first time in a decade, the Bank of England announced today. Dave Ramsden says one of the reasons for his vote against raising interest rates was that workers were showing pay restraint Like other major central banks, the Bank of England slashed rates in response to the global financial crisis. The Bank of England has decided to keep the benchmark UK interest rate at 0.25%, with it having been close to zero for a number of years. Bank of England Official Bank Rate (base rate), the current and historic interest rates of the Bank of England (BoE) Interest rates have been hiked by the Bank of England for the first time in more than a decade, even as wages are growing Analysts are unanimous in their belief that the Bank of England will hike interest rates on Thursday. The Bank of England's top economists today voted to raise its key interest rate, bringing to an end an extraordinary 10-year period without a hike despite Bank of England Official Bank Rate (base rate), the current and historic interest rates of the Bank of England (BoE) Bank of England raises interest rates for the first time in more than a decade. The Bank of England was "forced" to raise interest rates last week. Inflation is sitting at 3%, well above the target threshold of 2%. Leaving the EU Single Market could be the most significant structural change to the UK economy in a generation. Read more about Bank of England holds interest rate at 0.5% on Business Standard. The Bank's Monetary Policy Committee voted by 7 to 2 to hike rates for the first time since before the financial crisis Since taking over as governor of the Bank of England four years ago, Mark Carney laid the groundwork for an interest-rate increase multiple times. The Bank of England keeps interest rates on hold as real wages fall and consumers suffer biggest loss of spending power in 40 years.